Coda Octopus Group Inc (CODA)

[multivalue]

Any accounting majors out there that would like to comment and explain in basic terms what the following means for us stock holders going forward? This excerpt is from the last financial filing.

"On February 7, 2013, we received notice of transfer of the Debentures from Solidor Investments Limited to CCM Holdings, LLC, a New Jersey Limited Liability Company.
Under the terms of the Deed of Amendment entered into between the Company and the Debenture Holder on or around April 30, 2012, the parties have now agreed that the annual coupon for the current
year (FY2013) is $510,000, payable on or before November 1, 2013. The remaining $510,000 is payable on the maturity date of the Debentures or redemption (whichever occurs first), unless otherwise agreed between the Parties.
The Company will either have to generate sufficient cash to redeem the Debentures or come to some arrangements with the Debenture Holder to settle, reduce and/or reschedule the Debentures in whole
or in part."

Curious to see if the &510,000 will be paid in November and what the remaining means going forward. Tia